Guideline Value for Kizhandai Second Street

Kizhandai Second Street guideline value

The current guideline value of Kizhandai Second Street in MummoodiKuppam village is Rs 150 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Kizhandai Second Street has changed

Over the years, the guideline value for Kizhandai Second Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision marked a decrease to Rs 100 per sq.ft, followed by a significant increase of 50% to Rs 150 per sq.ft in 2023. Notably, the register has no figures for the years 2002, 2003, and 2007.

As of the 2024 revision, the guideline value is still Rs 150 per sq.ft, showing no change from the previous year. Overall, from the 2012 revision to the current 2024 figure, the guideline value has remained stable, reflecting a net change of 0% over this period.

Guideline values in MummoodiKuppam

In MummoodiKuppam, there are nine streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 350 per sq.ft. The median value among these streets is Rs 150 per sq.ft, which is equal to the guideline value of Kizhandai Second Street.

• Kizhandai First Street: Rs 150 per sq.ft (2024)
• Kizhandai Third Street: Rs 150 per sq.ft (2024)
• Mummoodikuppam Colony: Rs 126 per sq.ft (2024)
• Pallaikara Street: Rs 175 per sq.ft (2024)
• Perumal Kovil Street: Rs 175 per sq.ft (2024)
• Ashwini Airport City Phase-I II III: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Kizhandai Second Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate estimates based on your specific property details.

Which Sub Registrar Office covers Kizhandai Second Street?

The Kizhandai Second Street falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find more information, you can find your SRO.

How the guideline value is used when you buy or sell in MummoodiKuppam

The guideline value plays a crucial role during the registration process when buying or selling property in MummoodiKuppam. It is used to determine the stamp duty and registration fees that must be paid to the government, ensuring that the transaction is officially recorded.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kizhandai Second Street?

The current guideline value of Kizhandai Second Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 150 per sq.ft from 2012 to 2024, with a decrease to Rs 100 per sq.ft in 2017 followed by an increase back to Rs 150 per sq.ft in 2023.

What is the land classification for Kizhandai Second Street?

Kizhandai Second Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kizhandai Second Street?

The Sub Registrar Office covering Kizhandai Second Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in MummoodiKuppam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 1,50,000, the stamp duty at 7% would be Rs 10,500.